Palaszczuk Government to provide pathway for investment into Queensland

The Palaszczuk Government is establishing a new framework to attract business investment into Queensland which aims to provide a streamlined pathway to decision-makers across government.

Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said increased private sector investment would help fuel long-term economic growth and deliver more jobs across the state.

“The machinery of government changes implemented by the Palaszczuk Government following the 2017 state election, which aligned industry attraction, major project facilitation and land use planning in my portfolio, mean the Department of State Development, Manufacturing Infrastructure and Planning is uniquely placed to encourage investors with ambitious proposals,” he said.

“A new Investment Facilitation and Partnerships Group will be established in my department that brings together work areas like the Market Led Proposals Program, the Advance Queensland Industry Attraction Fund, Project Facilitation and the Jobs and Regional Growth Fund.

“This will provide a clear point of entry for investors and will provide them a customised and responsive service that best suits individual proposals.

“We are particularly looking for major investment ideas and business propositions where a proponent has previously demonstrated a capacity to convert ideas into reality in a timely manner or proposals that align with the targets set out in Our Future State Advancing Queensland’s Priorities.”

The tailored assistance provided to proponents will identify the best pathway for proposals which may include one of the government’s grant programs.

Support may involve addressing legislative or regulatory barriers or coordinating government input into proposal assessments.

“We’ve listened to the concerns of industry about the Market Led Proposals Program which will be replaced by the new Investment Facilitation and Partnership Group,” Mr Dick said.

“Proposals and industry-led ideas involving exclusive commercial transactions with the government will continue to be considered through the Investment Facilitation and Partnerships group.

“By offering immediate and personal engagement with proponents to explore their offering and provide guidance, we will ensure the right proposals get the consideration they deserve by the right department.

"In this way we will be able to maximise the outcomes of the department’s work in unlocking, facilitating and better enabling private sector investment in Queensland.”

The Investment Facilitation and Partnerships Group will provide:

• a clear coordinated entry point for industry proposals and requests for support
• personal engagement with proponents to explore their offering and provide guidance on how proposals can be best progressed within government
• priority for proposals and proponents who have a demonstrated capacity to convert ideas into reality in a timely manner
• establish a single cross agency panel that will oversee the assessment and recommendations of business cases for private proposals that involve direct negotiations with government. 

For more information, visit www.dsdmip.qld.gov.au/investment-facilitation

ENDS

Media contact: Anika Hume 0447 320 039